Memo In State St. Case Ties Labaton Proxy To Ark. Politician

By Andrew Strickler (September 25, 2018, 6:59 PM EDT) -- The Massachusetts federal judge overseeing a probe of an eight-figure plaintiff fee award in the $300 million State Street class action unsealed a report Tuesday saying a Texas lawyer and a former Arkansas state senator played a "significant role" in securing the case for plaintiffs firm Labaton Sucharow LLP.

In a memo filed under seal in August, the special master tasked with delving into the $75 million award laid out excerpts from emails involving Labaton Sucharow and the Texas attorney he said informed his conclusion that "serious ethical violations" arose from an arrangement in which Labaton Sucharow paid Damon Chargois to use...

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